The HS Code 84118240 refers to aircraft gas turbines other than turbojets or turbopropellers, with a power exceeding 5,000 kW. This code is used to classify and categorize these specific types of gas turbines for international trade purposes.
When it comes to trade, countries often have specific regulations and duties in place for different products. The Bound / MFN (Most Favored Nation) duty rate for this HS code is free. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This encourages fair and equal trade between nations.
The quantity unit for this product is measured in numbers (NO).
There are also special tariff preference programs in place for this HS code. The following countries offer free trade or duty-free treatment for aircraft gas turbines classified under HS code 84118240:
These countries have special trade agreements or programs in place that allow for preferential treatment or duty-free import of aircraft gas turbines under this HS code.
When it comes to importing these gas turbines into the United States, the following states are known to import products classified under HS code 84118240:
On the other hand, the following states in the United States are known to export products classified under HS code 84118240:
These states have active trade relationships involving the export and import of aircraft gas turbines.
Overall, HS Code 84118240 is used to identify and classify aircraft gas turbines other than turbojets or turbopropellers with a power exceeding 5,000 kW. It is important for countries to have clear codes and regulations in place for international trade, ensuring fair and equal opportunities for businesses worldwide.